A popular radio personality was arrested at his home Wednesday for his alleged involvement in a ticket investment scam.

According to an SEC complaint, sports radio host Craig Carton, co-host of the popular show "Boomer and Carton in the Morning," is charged along with another man, Joseph Meli, with stealing millions of dollars from investors after they were promised their funds would be used for the purchase and resale of concert tickets.

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The investors were falsely promised high returns from the price markups in the ticket resales. Although, instead of purchasing the tickets for resale, Carton and Meli allegedly misappropriated at least $3.6 million to repay earlier investors and cover other expenses, such as Carton's gambling debt.

Carton also allegedly stole an additional $2 million by tricking one concert venue into forwarding an investor's money into a bank account that belonged to one of Carton's companies.

Carton's show, "Boomer and Carton in the Morning," which he co-hosts with former NFL quarterback Boomer Esiason, airs from 6-10 a.m. on WFAN and is aired on television on CBS Sports Network. Esiason informed listeners of Carton's arrest during Wednesday's show, saying he was "taken aback" and thought Carton called in sick.